June cutting tool consumption up 9.9%
June U.S. cutting tool consumption totaled $181 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.
This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 7.3 percent from May’s total and up 9.9 percent from June 2013.
These numbers and all data in this report are based on the totals actually reported by the companies participating in the CTMR program. The totals represent about 80 percent of the U.S. market for cutting tools.
“June represents the strongest sales numbers in 2014 which projects optimism for the remainder of the year,” said Tom Haag, president of USCTI. “This strong month has continued to gain ground versus 2013 sales for the fifth consecutive month and sets the stage for surpassing last year’s totals.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
